Silver as an investment

America’s Politicians Earn $608 Per Hour

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.


zerohedge.com / by Tyler Durden on 09/23/2014 14:03

On the surface, earning $174,000 per year, while putting one solidly in the top 10% of all US earners, does not sound like much. This happens to be the 2014 allocated wage of America’s elected political representatives, the members of the House of Representatives. And indeed, in the grand scheme of things it isn’t much… until one considers that in the 102-day period between August 1 and November 12, this wage will be “earned” for just working a paltry 8 days, which, presuming 10 hour workdays, amounts to a whopping $608 per hour, on par with what some of America’s most prominent lawyers earn. It is also several times the hourly compensation of anesthesiologists, one of the highest-earning professions, according to the Bureau of Labor Statistics, at $113 an hour on average.

According to The Hill, liberal activist Ralph Nader worked out the eye-popping calculation in an angry letter he sent to Speaker John Boehner (R-Ohio) on Monday. From The Hill:

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Thanks to BrotherJohnF